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OQ
National Oil Company
Integrated
OQ
Muscat, Oman · Established 2020 · Profile updated July 1, 2026
Official website ↗Auditor Executive Assessment
Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum
OQ (formerly Oman Oil Company) is Oman's integrated energy group formed by merging nine state entities in 2020. The company manages upstream production of approximately 1 mbpd, the Sohar and Mina Al Fahal refineries, and petrochemicals including the Liwa Plastics complex.
Oman is a non-OPEC producer with declining mature fields, driving enhanced oil recovery investments and diversification into renewables and hydrogen. Financial performance is tied to Oman crude pricing and refinery margins.
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